Sterling InfrastructureSTRL -5.96%83 Graham Number is $23.11 as of Mar. 2026, which is 316% above its 10-year median of 5.56. GuruFocus rates STRL with a GF Score™ of 83/100 and a GF Value™ of $211.89 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,216 Construction companies, Sterling Infrastructure ranks worse than 99.59% on this metric.
Graham Number is a figure that measures a stock's fundamental value by taking into account the company's earnings per share and book value per share. The Graham number is the upper bound of the price range that a defensive investor should pay for the stock. According to the theory, any stock price below the Graham number is considered undervalued, and thus worth investing in.
The historical rank and industry rank for Sterling Infrastructure's Graham Number or its related term are showing as below:
STRL'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.98 Med: 5.56 Max: 29.18
Current: 29.18
During the past 13 years, the highest Price to Graham Number ratio of Sterling Infrastructure was 29.18. The lowest was 1.98. And the median was 5.56.
STRL's Price-to-Graham-Number is ranked worse than 99.59% of 1216
companies
in the Construction industry
Industry Median: 1.02
vs STRL: 29.18
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Sterling Infrastructure (NAS:STRL) Graham Number Explanation
Ben Graham actually did not publish a formula like this. But he wrote in The Intelligent Investor (1948 version) regarding to the criteria for purchases:
Current price should not be more than 15 times average earnings of the past three years.
Current price should not be more than 1.5 times the book value last reported. However, a multiplier of earnings below 15 could justify a correspondingly higher multiplier of assets. As a rule of thumb we suggest that the product of the multiplier times the ratio of price to book value should not exceed 22.5. (This figure corresponds to 15 times earnings and 1.5 times book value. It would admit an issue selling at only 9 times earnings and 2.5 times asset value, etc.)
Unlike valuation methods such as DCF or Discounted Earnings, the Graham number does not take growth into the valuation. Unlike the valuation methods based on book value alone, it takes into account the earnings power. Therefore, the Graham Number is a combination of asset valuation and earnings power valuation.
In general, the Graham number is a very conservative way of valuing a stock. It cannot be applied to companies with negative book values.
Sterling Infrastructure's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
674.39
/
23.11
=
29.18
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
Please keep these in mind:
1. Graham Number does not take growth into account. Therefore it underestimates the values of the companies that have good earnings growth. We feel that if the earnings per share grows more than 10% a year, Graham Number underestimates the value.
2. Graham Number punishes the companies that have temporarily low earnings. Therefore, an average of earnings makes more sense in the calculation of Graham Number.
3. Graham Numbers underestimates companies that are light with book.
Sterling Infrastructure Graham Number Related Terms
Sterling Infrastructure Graham Number Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Engineering & Construction subindustry, Sterling Infrastructure's Price-to-Graham-Number, along with its competitors' market caps and Price-to-Graham-Number data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Sterling Infrastructure Price-to-Graham-Number vs Construction Industry
For the Construction industry and Industrials sector, Sterling Infrastructure's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Sterling Infrastructure's Price-to-Graham-Number falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Sterling Infrastructure (STRL) has a Graham Number of $23.11 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Sterling Infrastructure and its competitors. This is 316% above median its historical median of 5.56. Over the past decade, Sterling Infrastructure's Graham Number has ranged from 1.98 to 29.18. According to the industry distribution chart, Sterling Infrastructure ranks #1211 out of 1216 companies in the Construction industry, placing it in the top 99.6%.
Is Sterling Infrastructure's Graham Number too high?
Sterling Infrastructure's current Graham Number of $23.11 is 316% above median its 10-year median of 5.56. Over the past 10 years, this metric has ranged from a low of 1.98 to a high of 29.18. The Construction industry median Graham Number is 1.02. Sterling Infrastructure's value of $23.11 is 2165.7% above this industry median. Based on the distribution chart, Sterling Infrastructure ranks #1211 out of 1216 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Sterling Infrastructure has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sterling Infrastructure's Graham Number compare to MTZ and APG?
According to the Construction industry distribution chart, Sterling Infrastructure ranks #1211 out of 1216 companies for Graham Number. This places Sterling Infrastructure in the lower half of its industry. The industry median Graham Number is 1.02. Sterling Infrastructure's value of $23.11 is 2165.7% above this benchmark. Historically, Sterling Infrastructure's own Graham Number has ranged from 1.98 to 29.18 over the past decade. While the company's 10-year median is 5.56 vs. the industry median of 1.02, Sterling Infrastructure has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Graham Number for a Construction company?
The median Graham Number among Construction companies is 1.02, based on 1,216 companies in the industry. Companies in the top quartile (top 25%) have a Graham Number significantly above this median, while those in the bottom quartile fall well below. However, Graham Number should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sterling Infrastructure's current Graham Number of $23.11 is 2165.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Graham Number mean?
A high Graham Number can signal that a stock is expensive relative to its fundamentals. The Graham Number values a company based on its per-share earnings and book value. View historical data on Sterling Infrastructure and its competitors. For the Construction industry, the median Graham Number is 1.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sterling Infrastructure's current Graham Number is $23.11, which is 316% above median its own 10-year median of 5.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sterling Infrastructure stock overvalued right now?
Based on GuruFocus' analysis, Sterling Infrastructure (STRL) is currently considered Significantly Overvalued. The stock's GF Value™ is $211.89, compared to a current price of $674.39 — trading 218.3% above its estimated fair value. The current Graham Number is $23.11, which is 316% above median its 10-year median of 5.56 and 2165.7% above the Construction industry median of 1.02. Sterling Infrastructure's overall GF Score™ is 83/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Graham Number calculated?
Graham Number is calculated from a company's financial statements. For Sterling Infrastructure (STRL), the current Graham Number is $23.11 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Sterling Infrastructure (STRL) Overvalued in 2026?
Based on GuruFocus' analysis, Sterling Infrastructure stock appears to be overvalued.
The current stock price of $674.39 is trading 218.3% above its estimated GF Value™ of $211.89.
GuruFocus considers Sterling Infrastructure to be Significantly Overvalued.
Key valuation signals for STRL:
Graham Number: $23.11 (316% above median its 10-year median of 5.56)
GF Value™: $211.89 vs. price of $674.39 (218.3% above fair value)
Industry Position: 2165.7% above the Construction median (#1211 of 1216)
No single metric tells the full story. See the STRL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sterling Infrastructure Inc operates through subsidiaries within three segments: E-Infrastructure, Transportation, and Building Solutions in the United States, mainly across the Southern, Northeastern, Mid-Atlantic, and Rocky Mountain regions and the Pacific Islands. E-Infrastructure Solutions generates maximum revenue and provides site development and mission-critical electrical services for data centers, manufacturing, distribution centers, warehousing, and power generation. Transportation Solutions includes infrastructure and rehabilitation projects for highways, airports, ports, rail, and storm drainage systems. Building Solutions includes residential and commercial concrete foundations, parking structures, plumbing services, and surveys for new single-family residential builds.
83GF Score
Get the complete analysis for STRL
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